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The National Apartment Association Education Institute recently honored Jeff Lowry with its 2013 Apartment Career and Education Award.

Lowry is president of apartment operations for Madera Cos. He also is the immediate past president of the association board of directors, National Apartment Association regional vice president, president of the Texas Apartment Association Education Foundation and a member of the board of directors of the Texas Apartment Association and the Lubbock Apartment Association.

Peoples Bank names new fraud and deposit operations director

Linda Coffman has been promoted to banking officer and director of fraud and deposit operations, said Blake Boyd, Peoples Bank president.

"Linda has a tremendous work ethic and will do an outstanding job leading the bookkeeping department," Boyd said.

Coffman has more than 28 years of banking experience. She joined Peoples Bank in February.

Platinum names new commercial lender

Shaun Cody was recently hired as Platinum Bank vice president and commercial lender. Cody was born and raised in Shallowater and has more than 10 years of lending experience.

Clothier Malouf gains lifetime award

John Malouf, founder of Malouf's, received a lifetime achievement award from MR Magazine, a leading trade magazine in the menswear industry, earlier this month.

Malouf, who started the high-end clothing store in downtown Lubbock in 1949, received the award at the magazine's annual Uptown Downtown dinner July 22 at The Four Seasons restaurant in New York.

According to a news release announcing the honor: "He has put Malouf's in Lubbock, Texas, on the map of must-visit stores for every major executive in the apparel business, and they have been awed by his accomplishments."

The award was presented by Bob Denton, president of Oxxford Clothes, the brand Malouf pursued for 17 years, before it finally agreed to sell its exclusive clothing to what was then a little store in Lubbock.

Prosperity Bancshares posts profit in latest quarter

Prosperity Bancshares, the parent company of Prosperity Bank, reported net income for the quarter ended June 30 of $53.8 million or $0.89 per diluted common share, an increase in net income of $16.8 million, or 45.6 percent, compared with $36.9 million and an increase in diluted earnings per share of 14.1 percent compared with $0.78 per diluted common share for the same period in 2012.

The holding company trades on the New York Stock Exchange under the ticker symbol PB.